Lecture 2 6

Lecture 2 6 - 2 2 2 2 < ≡ ∂ ∂ < ≡ ∂ ∂ KK...

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Production Side of the Economy Y = F (K, L) 0 0 > > L K F L Y F K Y Assume that F exhibits: Positive marginal products Marginal products decreases as labour/capital increases
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Unformatted text preview: 2 2 2 2 < ≡ ∂ ∂ < ≡ ∂ ∂ KK LL F K Y F L Y K Y...
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This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

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